[4][5] In 2019, he co-founded a family office dubbed 166 2nd Financial Services with his wife, Rebekah Neumann, to manage their personal wealth,[6] investing over a billion dollars in real estate[7] and venture startups.
[8][9] Following mounting pressure from investors based on disclosures made in a public offering filing, Neumann resigned as CEO of WeWork and gave up majority voting control as of September 26, 2019[update].
[19][20] Neumann and Miguel McKelvey began working together, having met through a mutual friend, on Green Desk in 2008, a shared-workspace business focusing on sustainability, the precursor to WeWork.
[20] Neumann stated that with WeWork, he intended to replicate the feeling of togetherness and belonging he felt in Israel and that he thought was lacking in the West.
[30] In October 2019, The Wall Street Journal reported that Neumann would receive close to $1.7 billion from stakeholder SoftBank for stepping down from WeWork's board and severing most of his ties to the company.
[33] On May 27, 2021, the Wall Street Journal reported the terms of a renegotiated severance package between Neumann and SoftBank, replacing that from October 2019.
[35] Following WeWork's SPAC merger to become a public company in 2021, Bloomberg Billionaires Index estimated his net worth at $2.3 billion.
[53] In 2012, Neumann partnered with Ken Horn of Alchemy Properties and Joel Schreiber and purchased for US$68 million the top floors of the Woolworth Building, which they then converted into condominiums.
[56] Neumann launched Flow, a residential real estate startup funded by the venture capital firm Andreessen Horowitz, in August 2022.
After landing in Israel, the flight crew found a cereal box stuffed with marijuana and reported it to the jet owner.
He requested and received a retraction stating that the article was amended to clarify that Adam Neumann did not deliberately mislead investors or break any law.
[64] A September 2019 Vanity Fair article reported that Neumann made claims that he convinced Rahm Emanuel to run for the presidency of the United States, used JPMorgan Chase's CEO Jamie Dimon as his personal banker, convinced Saudi prince Mohammed bin Salman to improve the standing of women in Saudi Arabia, and claimed to be working with Jared Kushner on the Trump administration's peace plan for the Israeli–Palestinian conflict.
[68][69] In 2022, The New York Times won an Emmy Award for DealBook Summit: One-on-One With Adam Neumann, a live interview hosted by Andrew Ross Sorkin.
[72][73] According to Deadline Hollywood, this was the only episode in the ten-part series where "the subject matter hasn't been charged or accused of breaking an actual law or, in many cases, served time.